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Forsys Metals Corp T.FSY

Alternate Symbol(s):  FOSYF

Forsys Metals Corp. is a Canada-based uranium developer. The Company is engaged in the acquisition, exploration and development of mineral properties. It is focused on advancing its wholly owned Norasa Uranium Project, located in the jurisdiction of Namibia, Africa, which is wholly owned by its 100% owned operating subsidiary, Valencia Uranium (Pty) Ltd. The Norasa Uranium Project is comprised of the Valencia Uranium deposit (ML-149) and the nearby Namibplaas Uranium deposit (EPL-3638). The Valencia Uranium project is situated on the farm Valencia 122, which is located approximately 75 kilometers (km) north-east of the town of Swakopmund in central-west Namibia, covering an area of 735.6 hectares (ha). The Namibplaas Uranium project is located 7.5 km northeast of the Valencia deposit on the farm Namibplaas 93, with a total surface area of 1,269 ha.


TSX:FSY - Post by User

Bullboard Posts
Comment by Cartman666on Mar 05, 2009 9:50am
347 Views
Post# 15822411

RE: Reply from Forsys Investor Relations

RE: Reply from Forsys Investor RelationsThanks for posting that tradeaday - the response is neutral and basically reaffirms what the rest of us were thinking. I'm not crazy about the statement: "personally believe the stock became volatile as a result of..." - this covers her a** quite well in the event that something does go wrong. In any case the folks of Forsys really may not know much more than we do and are just hopeful that the deal goes through as scheduled. Again, on paper, everything looks good, and perhaps the last two days really were just jitters. I'm more concerned that some people with large positions wanted out and were aggressive enough to push the price down instead of just being patient on the Ask side...
Bullboard Posts